Ocean View Beach Cottage with Approved Plans for a Luxury Home on Balboa Peninsula Welcome to your dream property, just one row from the ocean with stunning views from the roof deck! This unique opportunity offers a charming beach cottage and a detached efficiency studio, perfect for immediate use or rental income. The property is located off a spacious 20-foot alley on a generous 31-foot wide by 102-foot-long lot, providing ample space and privacy.The beach cottage was completely remodeled in 2020, featuring new windows and a new roof, ensuring a comfortable and modern living experience. But the real gem of this property lies in its future potential. The owners have fully approved construction drawings from the City of Newport Beach, ready for a brand-new, three-story single-family dwelling.Imagine living in a luxurious new home designed with every modern convenience in mind. The new home design includes four spacious bedrooms, each with its own full bath, and two additional powder rooms for guests. The attached Accessory Dwelling Unit (ADU) offers its own entry and patio, perfect for extended family or rental income. The home also features a stunning three-story glass elevator, making every level easily accessible.With a total of 2,924 sq. ft. in the main house and an additional 533 sq. ft. in the ADU, there is plenty of room for everyone. The new construction will provide four off-street parking spaces, including an attached 2-car garage and a 2-car carport, ensuring ample parking for residents and guests. The second level boasts two decks, one with breathtaking ocean views, while the third level features an expansive 852 sq. ft. roof deck. This incredible outdoor space includes a powder room, appliances, BBQ, fire pit, and is designed for a hot tub, making it the perfect spot for entertaining or relaxing while enjoying the ocean views.The Peninsula is a scenic three-mile stretch with the harbor on one side and sandy beaches on the other. The area is primarily residential with some commercial areas, offering a mix of waterfront restaurants, local surf shops, and some of the best nightlife in Newport Beach. The permits are ready, and the property is set to move forward with construction. Act now! We have recently reduced the price by $40,000, making this an even more incredible opportunity. Do not miss out on this rare chance to own a piece of paradise with endless potential. Contact us today to learn more and schedule a viewing!
|
DAYS ON MARKET
|
244
|
LAST UPDATED
|
2/14/2025
|
|
TRACT
|
Unknown
|
YEAR BUILT
|
1924
|
|
COMMUNITY
|
Balboa Peninsula
|
COUNTY
|
Orange
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
| School District |
Newport Mesa Unified |
|
Prior to Aug 19, '24
|
$4,000,000
|
|
Aug 19, '24 - Sep 30, '24 |
$3,850,000
|
|
Sep 30, '24 - Dec 10, '24 |
$3,799,000
|
|
Dec 10, '24 - Dec 16, '24 |
$3,789,000
|
|
Dec 16, '24 - Dec 28, '24 |
$3,779,000
|
|
Dec 28, '24 - Jan 3, '25 |
$3,769,000
|
|
Jan 3, '25 - Jan 20, '25 |
$3,759,000
|
|
Jan 20, '25 - Jan 28, '25 |
$3,749,000
|
|
Jan 28, '25 - Feb 6, '25 |
$3,739,000
|
|
Feb 6, '25 - Feb 14, '25 |
$3,729,000
|
| Feb 14, '25 - Today |
$3,719,000 |
| AIR |
None |
| APPLIANCES |
Disposal, Free-Standing Range, Gas Range, Gas Water Heater, Microwave, Refrigerator |
| AREA |
Balboa Peninsula |
| GARAGE |
Off Street, On Site, One Space |
| HEAT |
Baseboard |
| HOA DUES |
0 |
| INTERIOR |
All Bedrooms Down |
| LOT |
3184 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre, Front Yard, Rectangular Lot, Street Level, Tear Down, Value In Land, Yard |
| LOT DIMENSIONS |
31 X 102.5 |
| PARKING |
On Site,Off Street,One Space |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer,Unknown |
| STORIES |
1 |
| SUBDIVISION |
Unknown |
| UTILITIES |
Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Underground Utilities,Water Connected |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
R2 |
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Listed with Pacific OC Properties
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/25 8:46 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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